10月20日，晶华微（维权）盘中上涨2.04%，截至09:48，报22.46元/股，成交331.18万元，换手率 0.25%，总市值27.15亿元。 今年以来晶华微已经1次登上龙虎榜，最近一次登上龙虎榜为4月11日，当日龙虎榜净买入986.71万元； 买入总计3429.16万元 ，占总成交额比24.70%；卖出总计2442.46万元 ，占总成交额比17.59%。 晶华微今年以来股价涨10.86%，近5个交易日跌5.87%，近20日跌6.06%，近60日涨3.55%。 资料显示，杭州晶华微电子股份有限公司位于浙江省杭州市滨江区长河街道长河路351号4号楼5层A座 501室，成立日期2005年2月24日，上市日期2022年7月29日，公司主营业务涉及高性能模拟及数模混合 集成电路的研发与销售,主要产品包括医疗健康SoC芯片、工业控制及仪表芯片、智能感知SoC芯片等。 主营业务收入构成为：工业控制及仪表芯片41.56%，医疗健康SoC芯片34.45%，智能感知SoC芯片 23.64%，电池管理芯片0.28%，其他0.07%。 晶华微所属申万行业为：电子-半导体-模拟芯片设计。所属概念板块包括：SOC芯片、智慧医疗、 ...

10月13日，晶华微（维权）盘中上涨2.01%，截至14:21，报23.87元/股，成交3495.47万元，换手率 2.48%，总市值28.86亿元。 资金流向方面，主力资金净流出170.55万元，大单买入383.27万元，占比10.96%，卖出553.82万元，占 比15.84%。 晶华微今年以来股价涨17.82%，近5个交易日跌2.17%，近20日涨2.58%，近60日涨11.18%。 今年以来晶华微已经1次登上龙虎榜，最近一次登上龙虎榜为4月11日，当日龙虎榜净买入986.71万元； 买入总计3429.16万元 ，占总成交额比24.70%；卖出总计2442.46万元 ，占总成交额比17.59%。 资料显示，杭州晶华微电子股份有限公司位于浙江省杭州市滨江区长河街道长河路351号4号楼5层A座 501室，成立日期2005年2月24日，上市日期2022年7月29日，公司主营业务涉及高性能模拟及数模混合 集成电路的研发与销售,主要产品包括医疗健康SoC芯片、工业控制及仪表芯片、智能感知SoC芯片等。 主营业务收入构成为：工业控制及仪表芯片41.56%，医疗健康SoC芯片34.45%，智能感知SoC芯片 23.6 ...

Core Insights - On October 10, Jinghua Microelectronics experienced a 5.07% decline in stock price, with a trading volume of 60.11 million yuan [1] - The company reported a net financing outflow of 930,300 yuan on the same day, with a total financing and securities balance of 37.09 million yuan, which is 2.63% of its market capitalization [1] Company Overview - Jinghua Microelectronics, established on February 24, 2005, and listed on July 29, 2022, is located in Hangzhou, Zhejiang Province [2] - The company specializes in the research and sales of high-performance analog and mixed-signal integrated circuits, with main products including healthcare SoC chips, industrial control and instrumentation chips, and smart sensing SoC chips [2] - The revenue composition is as follows: industrial control and instrumentation chips 41.56%, healthcare SoC chips 34.45%, smart sensing SoC chips 23.64%, battery management chips 0.28%, and others 0.07% [2] Financial Performance - For the first half of 2025, Jinghua Microelectronics achieved a revenue of 78.62 million yuan, representing a year-on-year growth of 30.68%, while the net profit attributable to shareholders was -22.96 million yuan, a decrease of 600.18% year-on-year [2] Shareholder Information - As of September 19, 2025, the number of shareholders in Jinghua Microelectronics was 7,799, a decrease of 0.35% from the previous period, with an average of 7,729 circulating shares per person, an increase of 55.15% [2] - As of June 30, 2025, the top ten circulating shareholders included Huashang Shanghai Stock Exchange Science and Technology Innovation Board Composite Index Enhanced A (023897) as a new shareholder holding 261,300 shares [4]

近日，商务部连续发布两条公告，宣布对原产于美国的进口相关模拟芯片发起反倾销调查，并针对美国 对华集成电路领域相关措施启动反歧视立案调查。中国半导体协会随即公开发文支持，强调半导体产业 健康发展需要公平的环境，并鼓励企业通过技术创新、产业链协同与平等互利的国际合作实现良性竞 争。 市场迅速反应。9月15日开盘，半导体概念股大幅拉升，多家模拟芯片企业股价上涨，圣邦股份 （300661）、纳芯微触及涨停，晶华微一度涨超16%。市场以真金白银表达了对国产替代前景的信心， 也体现出对政策护航下行业成长空间的积极预期。 此次反倾销调查由江苏省半导体行业协会申请，直指德州仪器(TI)、亚德诺(ADI)、博通、安森美四家 美国头部厂商。申请文件显示，2022至2024年，涉案美国模拟芯片进口量累计增长37%，进口价格却累 计下滑52%，呈现明显的"量价背离"特征，显示其通过"以价换量"策略挤压国内企业。 作为全球模拟芯片龙头，德州仪器凭借规模效应持续降价，2023年5月更在中国市场大幅调价 20%-30%，迫使国内厂商跟进降价，导致毛利率大幅下滑，亏损扩大。中金公司（601995）报告指出， 2023年国内模拟芯片价格普遍下 ...

Company Overview - Jinhua Microelectronics Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on February 24, 2005. The company went public on July 29, 2022. Its main business involves the research and sales of high-performance analog and mixed-signal integrated circuits, with key products including healthcare SoC chips, industrial control and instrumentation chips, and intelligent sensing SoC chips [2]. Business Performance - For the first half of 2025, Jinhua Microelectronics achieved operating revenue of 78.62 million yuan, representing a year-on-year growth of 30.68%. However, the net profit attributable to shareholders was -22.96 million yuan, a decrease of 600.18% compared to the previous year [2]. - The revenue composition of the main business includes: industrial control and instrumentation chips (41.56%), healthcare SoC chips (34.45%), intelligent sensing SoC chips (23.64%), battery management chips (0.28%), and others (0.07%) [2]. Shareholder Information - As of July 18, 2025, the number of shareholders in Jinhua Microelectronics was 7,826, an increase of 0.86% from the previous period. The average circulating shares per person were 4,982, a decrease of 0.86% [2]. - As of June 30, 2025, among the top ten circulating shareholders, Huashang Shanghai Stock Exchange Science and Technology Innovation Board Composite Index Enhanced A (023897) was the tenth largest shareholder with 261,300 shares, marking a new entry. Guotai Junan Jun Dexin 2-Year Holding Mixed A (952009) exited the top ten circulating shareholders [4]. Financing and Trading Activity - On August 29, Jinhua Microelectronics' stock price fell by 3.49%, with a trading volume of 79.81 million yuan. The financing buy-in amount for that day was 5.51 million yuan, while the financing repayment was 6.44 million yuan, resulting in a net financing buy-in of -0.92 million yuan. The total financing and securities lending balance as of August 29 was 50.69 million yuan [1]. - The financing balance of Jinhua Microelectronics accounted for 3.34% of its circulating market value, exceeding the 80th percentile level over the past year, indicating a high level [1].

Group 1 - The core viewpoint of the news highlights the trading performance and financing activities of Jinghua Microelectronics, indicating a positive market response with a 2.55% increase in stock price and a trading volume of 136 million yuan on August 28 [1] - As of August 28, the financing balance of Jinghua Microelectronics reached 51.62 million yuan, accounting for 3.28% of its market capitalization, which is above the 80th percentile of the past year, indicating a high level of financing activity [1] - The company reported a financing buy-in of 11.23 million yuan and a net financing buy of 136,000 yuan on the same day, reflecting investor interest [1] Group 2 - Jinghua Microelectronics, established on February 24, 2005, specializes in the research and sales of high-performance analog and mixed-signal integrated circuits, with key products including healthcare SoC chips, industrial control chips, and smart sensing SoC chips [2] - The revenue composition of the company shows that industrial control and instrumentation chips account for 41.56%, healthcare SoC chips for 34.45%, and smart sensing SoC chips for 23.64% [2] - For the first half of 2025, Jinghua Microelectronics reported a revenue of 78.62 million yuan, representing a year-on-year growth of 30.68%, while the net profit attributable to shareholders was -22.96 million yuan, a decrease of 600.18% compared to the previous year [2] Group 3 - Since its A-share listing, Jinghua Microelectronics has distributed a total of 9.98 million yuan in dividends [3] Group 4 - As of June 30, 2025, among the top ten circulating shareholders of Jinghua Microelectronics, Huashang Shanghai Stock Exchange Science and Technology Innovation Board Composite Index Enhanced A (023897) is the newest shareholder with 261,300 shares [4] - Guotai Junan Jun Dexin 2-Year Holding Mixed A (952009) has exited the list of top ten circulating shareholders [4]

Core Viewpoint - Jinhua Microelectronics plans to extend the implementation deadlines for three key projects until July 2027 and terminate one project due to market conditions and strategic adjustments, aiming to enhance operational efficiency and core competitiveness [1][2][3] Project Adjustments - The company has extended the deadlines for the "Smart Health Medical ASSP Chip Upgrade and Industrialization Project," "Industrial Control Instrument Chip Upgrade and Industrialization Project," and "R&D Center Construction Project" to July 2027, reflecting a commitment to long-term value in these areas [1][3] - The terminated project, "High-Precision PGA/ADC and Other Analog Signal Chain Chip Upgrade and Industrialization Project," had an investment of 31.4981 million yuan, with the decision made to avoid resource misallocation due to severe market competition [3] Market Environment - The semiconductor industry is undergoing a significant transformation, with a structural decline in demand and increased competition, leading to a prolonged destocking phase [2] - The global analog chip market is projected to decline by 8.7% in 2023, with a further slight decrease of 2.7% expected in 2024, before recovering by 6.7% in 2025 [2] Strategic Focus - The company is shifting its focus towards core business areas, particularly in medical health and industrial control, while also expanding into smart home appliance control chips [5][6] - The integration of its subsidiary, Shenzhen Jinhua Zhixin Microelectronics, into the development of smart home appliance control chips is seen as a strategic move to leverage existing technological expertise [6][8] Financial Performance - In 2024, the company reported a revenue of 135 million yuan, a year-on-year increase of 6.34%, despite challenges in the competitive landscape [9] - The industrial control and instrument chip business showed strong performance, with sales volume increasing by 41.36% and revenue by 26.11%, becoming a key driver of the company's growth [9] Market Opportunities - The company is well-positioned to benefit from policy support and market growth in the smart home sector, with the global smart home market expected to grow significantly [7][8] - The strategic adjustments and project optimizations are anticipated to create new development opportunities for the company in the long term [9]